8. Bank of America 2014 - FHFA ($9,334 million)
In March 2014, Bank of America announced a huge settlement with the Federal Housing Finance Agency (FHFA). It agreed to pay US$9.5 billion to resolve litigation stemming from its practices when selling residential mortgage-backed securities (RMBS) to US federal mortgage agencies Fannie Mae and Freddie Mac.
To read more
Subscribe to Global Investigations Review
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Investigations Review experts.